Bold Charter School

Analysis

Bold Charter School is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bold Charter School reported income of $9.7m and spending of $10.1m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $9.7m (+844%), an average of +75% a year. The sharpest change came in the year to June 2020, when income rose by 186%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bold Charter School sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Bio-Med Science Academy STEM School ($9.7m), Chicago Hope Academy ($9.7m) and Houston Academy of Medicine ($9.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $388k (3.8% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $15.7m against liabilities of $13.4m, net assets of $2.3m. It reported 47 employees.